When the investor has selected and confirmed the term deposit or call account they wish to purchase, including the financial institution, where the funds are to be placed, the rate and the term, the following steps must be completed:

Complete an application form

In some cases, a financial institution may require the investor to complete a signed application form. This is an internal procedure and ensures that they have a record of clients' signatures on file. A RIMsec authorised representative will inform you whether a signed application form is required and will provide the relevant documents where needed.

Provide all necessary information to RIMsec

To enable RIMsec to process a client's deposit, the client must provide the following important information:

• The investor(s) name - it is important, for legal reasons, to provide the correct name of the person in whose name the deposit is to be held. In the case of a super or trust fund, the names of the trustees of the fund must also be provided.
• Tax file number (or written proof of tax exemption, if applicable).
• Residential and/or postal address and/or e-mail address.
• Investor's nominated bank account for repayment of the deposit interest and/or proceeds on maturity. Please note that this account MUST bear the same name as the investor(s) name. Some institutions may also require a copy of the clients' statement from their current banking institution to eliminate the requirement to complete a 100pt check.

Transfer of the funds

Once the investor has selected an institution, a rate and a term, the investor must now transfer the investment funds to the institution. A RIMsec authorised representative will provide you with the bank account details of the institution (i.e. account name, bank, BSB and account number) where the funds are to be paid. Funds can be paid into this account using one of the following ways:

a) You can electronically transfer the funds directly into the institution's bank account or clearing account*;

b) You can bank a cheque directly into the institution's bank account or clearing account;

c) You can post a cheque to RIM Securities Limited and upon receipt we will bank the cheque into the nominated account on your behalf. It is important to note however, that interest commences only when the funds have been deposited into the institution's bank account; or

d) RIM Securities Limited can arrange to collect the cheque from the investor, where possible.

* A clearing account is an account that the institution uses to collect funds from depositors. This type of facility is managed by one of the major banks and it allows clients to make deposits at the branches of that particular bank.

Receipt of a trade confirmation or contract note from RIMSEC

On the settlement date, RIMsec will post, and/or email, a confirmation of the trade to the client at the address provided. This confirmation will include all of the details relating to the deposit, for example, the name of the institution which holds the deposit, the name of the investor(s), the term of the deposit, the interest rate, the deposit amount and the institution's bank account details.

Trade confirmation from the institution

In some cases, the financial institution accepting the deposit will provide a written confirmation of the trade or, similarly, a statement of deposit. If you would like to receive a written confirmation, please check with a RIMsec authorised representative who can advise you whether the institution can provide you with a written trade confirmation and make the necessary arrangements for a written confirmation to be sent to you.

Repayment or rollover of the deposit on maturity

On maturity of the deposit, a RIMsec authorised representative will contact you to obtain your instructions to either rollover the deposit for a new term and at a new rate; or to arrange for the repayment of the term deposit or NCD to the account that you nominated when the deposit was initially placed. Regardless of your instruction, RIMsec will provide you with written confirmation of your instructions.